Contract Analysis

All businesses are, to some degree, governed by the terms and conditions of contracts and agreements. At Lloyd Sadd Insurance, we can analyze these legal documents, offer suggestions for amendments to reduce risks where appropriate, and provide the insurance options required to meet the contract conditions and risks assumed.

These legal documents can be a primary source of exposure to loss. Clients can trust us to carefully examine them from an insurance and risk management point of view. For instance, most documents contain indemnity agreements, which tend to govern the responsibility for loss regardless of negligence. Many contain specific insurance provisions, which dictate the insurance to be carried by each party.

Let Lloyd Sadd Insurance's experts listen and assist you through this often overwhelming and sometimes complex analysis.

Contracts between the insured and any third party may be outside the scope of insurance; the insured is not necessarily covered for additional exposures assumed under contract with a third party. In order for a Lloyd Sadd Insurance review to be useful, the following sections of the contract might be reviewed:

  1. The insurance clause or clauses
  2. The indemnity clause or clauses
  3. The waivers of subrogation/hold-harmless agreements
  4. Any other clause material to transfer risk between parties to the contract

We can then make suggestions to improve the contracts before you sign them.

Contact us to learn more.